The People's Bank of China sets the exchange rate of the dollar at 7.1907 yuan.

On Monday morning, the People's Bank of China decided to set the exchange rate of the yuan against the US dollar at 7.1907 yuan per dollar, while expectations indicated it would be set at 7.2312 yuan. The closing price of the pair in yesterday's session was 7.2288 yuan. The bank also injected 39 billion yuan into the markets through repurchase operations for 7 days, with a yield of 1.5%.

It is worth noting that the People's Bank of China influences the price of the US dollar (USD) by pegging the value of its currency - the yuan - to the US dollar. The bank uses a fixed exchange rate policy, which differs from the floating exchange rate used by the United States and many other countries, allowing the Chinese currency to move within a narrow range.

The People's Bank of China manages the value of the yuan by keeping it stable against a basket of currencies from countries considered partners of China, and this basket is measured against the price of the US dollar (USD) since the United States is China's largest trading partner.